ExodusPoint Capital Management LP Purchases 221,774 Shares of onsemi $ON

ExodusPoint Capital Management LP increased its stake in shares of onsemi (NASDAQ:ON) by 49.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 667,844 shares of the semiconductor company’s stock after purchasing an additional 221,774 shares during the period. ExodusPoint Capital Management LP’s holdings in onsemi were worth $36,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Root Financial Partners LLC boosted its position in shares of onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of onsemi by 28.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 160 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of onsemi by 3.3% during the fourth quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 189 shares during the last quarter. Cromwell Holdings LLC boosted its position in shares of onsemi by 17.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 194 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its position in shares of onsemi by 9.3% during the fourth quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Robert W. Baird upped their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley upped their target price on shares of onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald upped their target price on shares of onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.68.

onsemi Price Performance

onsemi stock opened at $118.25 on Wednesday. The company has a market cap of $46.34 billion, a price-to-earnings ratio of 83.87, a PEG ratio of 1.12 and a beta of 1.97. The firm’s fifty day moving average is $103.05 and its 200 day moving average is $75.44. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. onsemi’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Sell-side analysts forecast that onsemi will post 3.09 EPS for the current fiscal year.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Chip stocks retreated as markets reassessed interest-rate expectations ahead of the Federal Reserve meeting, pressuring onsemi alongside the broader semiconductor group. onsemi slides 5.9% as chip stocks retreat amid rate jitters; recent convertible-notes financing may add technical pressure
• Negative Sentiment: Recent convertible-notes financing may be adding near-term technical selling pressure to ON shares through hedging activity, even though the transaction also included a share repurchase. onsemi slides 5.9% as chip stocks retreat amid rate jitters; recent convertible-notes financing may add technical pressure
• Neutral Sentiment: Separately, a new camera product from Vadzo Imaging was introduced using onsemi’s Hyperlux LP sensor, which highlights ongoing design-win activity but is unlikely to move the stock on its own. Vadzo Imaging Introduces Falcon-544MRS: 5MP Monochrome USB Camera Based on Onsemi Hyperlux LP AR0544

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.